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The financial crisis of 2008-09 has cast palpable doubt on the relevance of the current legal framework governing trade in services for financial crisis prevention and management. The crisis revealed the limited utility and effectiveness of services trade law in dealing adequately with the...
Persistent link: https://www.econbiz.de/10013138680
The stunning failure of banks put regulatory intervention high on the agenda of governments. Adequate risk monitoring, including by credit rating agencies, measurement and management have proven to be a daunting task, whereas regulation of innovative financial instruments has not brought about...
Persistent link: https://www.econbiz.de/10013067857
Promotion of renewable energy has become one important priority in the political agenda worldwide. However, financing of renewable energy projects, especially the small-scale ones, is not always streamlined and banks may not always be willing to invest in such projects. This fact is accentuated...
Persistent link: https://www.econbiz.de/10013038910
The only partial completion of the EU internal market for services has arguably been one of the important stumbling blocks in unleashing economic growth throughout the Union. While being regarded as an outlier for decades, the freedom to provide services came to the forefront after a series of...
Persistent link: https://www.econbiz.de/10012909326
This article analyses the most recent WTO Appellate Body (AB) report in a series of disputes between the U.S. and the EU over government support to aircraft manufacturers Boeing and Airbus. The measures under dispute in US – Tax Incentives were investment promotion subsidies provided to Boeing...
Persistent link: https://www.econbiz.de/10012910125
Owing to innovations and a growing consumer demand for better and safer products, the number of technical standards has been steadily increasing in recent years. As standardization is a major catalyst to global commerce, The World Trade Organization (WTO), a typical consensus-driven...
Persistent link: https://www.econbiz.de/10013048143
Due to legislative and judicial developments, standard-setting has come to the forefront of public debates. Being for a long time considered as a 'no passing zone' for everyone but engineers and technical experts, standard-setting organizations (SSOs) have produced a rowing solid body of...
Persistent link: https://www.econbiz.de/10013021283
Trade regulation may never have been in more flux than it is now. Other than the emergence of ‘megaregionals' (such as the Transatlantic Trade and Investment Partnership-TTIP or the Trans-pacific Partnership-TPP) and the difficulties in finalizing the Doha Development Agenda, increased...
Persistent link: https://www.econbiz.de/10013022797
The conclusion of the Transatlantic Trade and Investment Partnership (TTIP) constitutes a priority and key component of the new external trade policy of the European Union (EU) and an immediate follow-up to several years of regulatory cooperation between the two global trade powers. In an era of...
Persistent link: https://www.econbiz.de/10012987966
Continuous innovation and a growing consumer demand for better and safer products has led to an increase of technical standards in recent years. The World Trade Organization (WTO) exercises a high level of deference towards international standards, requiring their use. However, practice shows...
Persistent link: https://www.econbiz.de/10013043553